Currently it is it the B retracement wave of the ABC retracement. Get ready for a short position for an impulse move down (Wave C), with target around the 50 to 61.8% retracement of the first large wave from 1.13.
After that, it is likely to see the third large wave up.
After that, it is likely to see the third large wave up.
Comment:
Idea is proceeding well so far. USD strength should fizzle out in the next two days.